Olam Group Limited · SGX:VC2
Olam — Shareholder Meeting (April 2024)
16 slides from Olam's shareholder meeting presentation, Apr 25, 2024
Slide 1: Strengthening connections for a sustainable future
Olam Group Limited Strengthening connections for Important instruction: Place an image in exactly the same a sustainable Subtitle position as this grey box. Select the image. future and Date [Mac] in the menu, select ‘Arrange’ and then ‘Send to Back’. [PC] right click and then ‘send to Back’. This w
Slide 2: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements This presentation and announcement entitled “Strengthening connections for a sustainable future” may contain statements regarding the business of Olam Group Limited and its subsidiaries (“the Group”) that are of a forward-looking nature and are therefore
Slide 3: Key Messages
Key Messages 1 Re-organisation 2 Committed to 3 Integrated 4 Remain 5 Line drawn of Olam has unlock value business disciplined in under delivered through IPOs & model the use of concerns over sharper focus, concurrent underpins capital allegations resulting in demergers resilience about Olam improve
Slide 4: Improved EBIT performance by new operating entities post Re-organisation
Improved EBIT performance by new operating entities post Re-organisation (since 2020) on sharper strategic focus PATMI down in 2022 and 2023 mainly on increased interest costs S$ million 2020 2021 2022 2023 CAGR EBIT^ 1,069.4 1,422.6 1,608.7 1,771.9 18.3% - ofi 692.1 820.7 746.5 829.3 6.2% - Olam Ag
Slide 5: Key Messages
Key Messages 1 Re-organisation 2 Committed to 3 Integrated 4 Remain 5 Line drawn of Olam has unlock value business disciplined in under delivered through IPOs & model the use of concerns over sharper focus, concurrent underpins capital allegations resulting in demergers resilience about Olam improve
Slide 6: We remain committed to unlocking value in the Group
We remain committed to unlocking value in the Group 1 We continue to pursue IPOs and concurrent demergers for ofi and Olam Agri but are flexible on the sequence 2 In addition, we are evaluating other strategic options as back-up plans for each operating group to ultimately unlock value for sharehold
Slide 7: Key Messages
Key Messages 1 Re-organisation 2 Committed to 3 Integrated 4 Remain 5 Line drawn of Olam has unlock value business disciplined in under delivered through IPOs & model the use of concerns over sharper focus, concurrent underpins capital allegations resulting in demergers resilience about Olam improve
Slide 8: Our integrated model positions us well in responding effectively to volatile market conditions
Our integrated model positions us well in responding effectively to volatile market conditions As a Group, we are diversified across many product platforms, value chains, multiple geographies (origins and markets) with 34 years of operating experience. ofi is an 1 integrated business across six plat
Slide 9: Key Messages
Key Messages 1 Re-organisation 2 Committed to 3 Integrated 4 Remain 5 Line drawn of Olam has unlock value business disciplined in under delivered through IPOs & model the use of concerns over sharper focus, concurrent underpins capital allegations resulting in demergers, resilience about Olam improv
Slide 10: We remain disciplined in the use of capital
We remain disciplined in the use of capital We focused on profitable volume growth, operational cycle time and remained at optimal debt and gearing levels S$ million 2020 2021 2022 2023 Sales Volume (million MT) 44.4 45.4 42.9 44.1 Working Capital 7,455.7 8,115.6 8,538.9 9,580.5 Cash Cycle Time (day
Slide 11: We continue to access diversified pools of capital
We continue to access diversified pools of capital Total borrowings and available liquidity (S$ million) as at December 31, 2023 9,740 21,255 Short-Term Long-Term +4,961 16,294 1,889 6,550 6,044 3,582 9,744 Cash and RMI* Secured Unutilised Available Total Short-term Receivables Bank Lines Liquidity
Slide 12: Key Messages
Key Messages 1 Re-organisation 2 Committed to 3 Integrated 4 Remain 5 Line drawn of Olam has unlock value business disciplined in under delivered through IPOs & model the use of concerns over sharper focus, concurrent underpins capital allegations resulting in demergers, resilience about Olam improv
Slide 13: Proactive independent review shows no evidence of allegations
Proactive independent review undertaken by Board Audit & Risk Committee with independent professionals show no evidence of allegations As announced on February 19, 2024, an independent internal investigation launched by 1 the Olam Group Board and its Audit & Risk Committee comprising external counse
Slide 14: Outlook improving
Outlook improving 1 2 3 4 The Group expects the ofi orchards in Australia ofi’s new dairy processing Olam Agri continues to food and agriculture are expected to see yields facility in New Zealand is execute its strategy of industry to remain return to their normal ramping up to full scaling up its g
Slide 15: Outlook improving (cont’d)
Outlook improving (cont’d) 5 6 7 Continues to execute Launched share Macroeconomic Re-organisation Plan: buyback programme conditions in recent Pursue IPOs & for up to a maximum months have improved concurrent demergers of 5.0% of total with general as well as evaluate outstanding shares expectation
Slide 16: Olam Group Limited Third Annual General Meeting
Olam Group Limited Third Annual General Meeting | April 25, 2024 olamgroup.com/investors.html ir@olamnet.com 16